Locke Liddell & Lord Bissell to combine forces
Texas-based Locke Liddell & Sapp, LLP, and Chicago-based national law firm Lord Bissell & Brook, LLP, have signed a preliminary term sheet to merge operations. Post merger, the combined firm will adopt the moniker Locke Lord Bissell & Liddell, LLP, with an attorney strength of 700 and a gross combined revenue of approximately $400 million. Jerry Clements, Locke Liddell & Sapp's Managing Partner will serve as chair of the new firm.
Both the firms hope to get their firms' partners to approve of the deal and also complete negotiations and other formalities pertaining to a mutually acceptable transaction of documents for the alliance to take place soon. Both Clements and Thomas Jenkins, Lord Bissell & Brook's chairman, expect the merger to happen sometime in the third quarter of this year.
Established in 1891, Locke Liddell & Sapp is a prominent Texan firm providing a broad range of service to businesses and individual clients in areas including corporate, litigation, appellate, REIT, energy, public law, and real estate finance practices. Lord, Bissell & Brook, established in 1914 has seven offices from where its attorneys serve international clients based in the U.S. and the UK. The firm provides client services in complex litigation, regulatory and transactional work in the insurance and reinsurance industries, besides banking and healthcare industries.
Alan Salpeter, Mayer Brown's rainmaker goes to rival camp
Mayer, Brown, Rowe & Maw's Chicago office lost a prominent revenue generator and a high-profile litigation partner to its New York-based rival law firm LeBoeuf, Lamb, Greene & MacRae. Salpeter, an ace trail lawyer, was with Mayer Brown since 1972, and has successfully represented major banks and accounting firms for the firm.
One of the highly-paid partners, his move has come as massive blow to the firm, which is at present reeling under several major restructuring and firm-wide management changes. Revenue-wise one among the top 10 U.S. law firms, Mayer Brown has recently retrenched 45 partners in an attempt to bolster its sagging profits. LeBoeuf Lamb, with nearly 30 attorneys on board looks at Salpeter to bolster its Chicago practice. The firm hopes to leverage on Salpeter's lucrative corporate litigation practice.
BIZARRE NEWS
Poor Cambridge man bugged miserably! The sound of silence is sweet music to his ears today
No idea what's the matter with these bugs these days. Acute housing problems in the bug world, presumably! First you have spiders climbing a little boy's cochlear, and now it's the mites' turn. Give us a break, buggers! This Cambridge man, Paul Balvert, hadn't known for years up till now, what a good sound sleep meant, ever since the day a chicken feed pan emptied over his head. Poor man. Little did he know that cleaning chicken sheds meant such risks too! Balvert believes his eardrum tenants, a mass of mites, had occupied the abode on that fateful day. These, then proceeded to build up an entire colony. For two years, his "noisy nightmare" went unidentified to ear doctors. However, thanks to a Hamilton ear nurse at the Tolbecs Ear Center who divested Balvert of his misery. A much relieved and "jubilant" Balvert recalls with horror the never-say-die itch, the noise, and terrifying sleepless nights he had to undergo. Center director Theresa O'Leary, along with other "stunned ear therapists and a clinical microbiologist" discovered that the ear was home to about 100 "very active, tiny, bulbous, semi-transparent mites" complete with "a moist layer and white eggs." The entire breed was suctioned out and the ears thoroughly cleaned with liquid used for scabies and head lice. Hark! Hear Mr Balvert's snores?
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